Blair William & Co. IL Reduces Stock Position in ePlus inc. (NASDAQ:PLUS)

Blair William & Co. IL cut its stake in shares of ePlus inc. (NASDAQ:PLUS) by 64.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,322 shares of the software maker’s stock after selling 5,895 shares during the period. Blair William & Co. IL’s holdings in ePlus were worth $245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLUS. Wellington Management Group LLP grew its holdings in shares of ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after acquiring an additional 164,016 shares during the period. Swedbank AB bought a new stake in shares of ePlus during the 4th quarter valued at about $11,082,000. American Century Companies Inc. increased its position in shares of ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after purchasing an additional 121,945 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of ePlus in the 4th quarter worth approximately $8,683,000. Finally, Geode Capital Management LLC boosted its holdings in shares of ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock worth $71,987,000 after buying an additional 105,526 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

ePlus Stock Performance

NASDAQ:PLUS opened at $57.14 on Friday. The stock has a 50-day simple moving average of $67.66 and a two-hundred day simple moving average of $79.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a 52-week low of $55.39 and a 52-week high of $106.98. The firm has a market capitalization of $1.52 billion, a PE ratio of 14.58, a P/E/G ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a report on Thursday, March 27th.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.